REX American Resources Corporation (REX)

Receivables turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	833,384	845,937	845,135	873,486	855,000	866,849	849,638	804,988	774,802	688,804	609,955	453,604	372,812	367,714	330,168	396,709	418,034	410,458	447,537	470,426
Receivables	US$ in thousands	28,913	34,586	37,652	34,200	28,124	29,286	44,457	31,536	32,498	45,956	36,413	33,577	25,733	18,443	20,364	12,461	18,998	23,613	15,365	19,358
Receivables turnover		28.82	24.46	22.45	25.54	30.40	29.60	19.11	25.53	23.84	14.99	16.75	13.51	14.49	19.94	16.21	31.84	22.00	17.38	29.13	24.30

January 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $833,384K ÷ $28,913K
= 28.82

The receivables turnover ratio of REX American Resources Corporation has shown fluctuations over the past few periods. The ratio indicates how many times, on average, the company collects its accounts receivable balance during a specific period.

Between January 2019 and October 2023, the receivables turnover ranged from a low of 13.51 to a high of 31.84. Generally, a higher turnover ratio suggests that the company is efficient in collecting its receivables, while a lower ratio may imply delays in collecting payments from customers.

The highest receivables turnover of 31.84 was observed in January 2020, indicating that the company collected its outstanding receivables nearly 32 times during that period. Conversely, the lowest turnover of 13.51 in July 2021 suggests a longer collection period for receivables during that period.

It is important to monitor the trend of the receivables turnover ratio over time to assess changes in the company's collection efficiency and credit policies. The variability in the ratio could be influenced by various factors such as sales volume, customer payment behavior, economic conditions, and the effectiveness of the company's credit management practices.